Product Manager, Enova
Small Business
$100-120k
+ Incentive plans
More information about location
3-5 days a week in office
AI-driven financial credit provider
Be an early applicant
AI-driven financial credit provider
1001+ employees
Be an early applicant
$100-120k
+ Incentive plans
More information about location
3-5 days a week in office
1001+ employees
Company mission
Enova's mission is to help hardworking businesses and individuals get access to fast, trustworthy credit through its AI-driven credit solutions.
Role
Who you are
- 2–4 years of product management experience, preferably in fintech, lending, B2B, SaaS, or a regulated complex industry
- Demonstrated commitment to customer-centric solutions
- A strong foundation in leveraging data for user behavior analysis and product opportunity identification
- Experience working effectively with agile teams and managing project milestones
- Strong communication skills for collaborating with diverse stakeholders, both technical and non-technical
- Identify, define, and enhance analytical tools and reporting capabilities needed to monitor product performance, track key metrics, and provide data-driven insights to stakeholders
What the job involves
- Enova (parent company of OnDeck and Headway Capital) is looking for product managers to help power small business (SMB) growth in the United States
- As a Senior Product Manager at Enova, you will help shape the future of our SMB lending products and platforms
- Our mission is to create innovative lending experiences and financial products that help small businesses succeed
- You will be at the center of this mission, working with a cross-functional team to identify high-impact problems, deliver scalable solutions, and drive real business outcomes for our customers and Enova
- Own the end-to-end product lifecycle for specific components of the SMB lending platform, focusing on continuous problem discovery, hypothesis validation, and effective delivery of high-impact solutions
- Contribute to and execute the strategic product roadmap, ensuring efforts are deeply informed by quantitative data, market analysis, and qualitative customer insights from interviews and testing
- Support the modernization of legacy systems, build new experiences, and help shape platform infrastructure to support future growth
- Collaborate with senior leaders and other PMs to help drive consensus on opportunity sizing and prioritization. Define detailed requirements and success metrics, ensuring the roadmap is aligned with validated customer needs and strategic goals
- Partner with Agile Engineering teams to deliver innovative features and functionality, representing the customer's perspective and participating in developing the team's understanding of the business rationale underlying tasks and projects
- Proactively identify, research, and test new product opportunities and trade-offs in their product area to enhance the partner experience
- Construct business cases with manager support and collaborate with stakeholders to secure buy-in. Work with Engineering to estimate size, elaborate on scope and requirements, clarify detailed design, and obtain sign-off on developed features before launch
- Effectively communicate the value of the team's initiatives and act as an ambassador for the product area within the SMB organization
- Ensure product delivery aligns with established goals and key results, using data insights to inform and evaluate outcomes
- Be the owner of the team’s roadmap and execute the project plan appropriately and effectively with limited supervision, solving problems independently
- Maintain awareness of competitors and the industry for the product area's use case to inform product strategy
- Regularly talk to customers (internal and/or external) to develop a clear understanding of their needs
Our take
Providing customers with quick access to credit is important for fintech companies to survive in today's financial landscape of open banking, but this is made difficult by high credit rejection rates from banks. However, these decisions are generally made by human assessments of data which are limited due to the complexity of the modern financial landscape. AI-driven solutions, able to analyse vast amounts of data almost instantly to derive accurate credit risk assessments, present room for improvement in the lending industry.
Enova provides a platform called Colossus that leverages AI and machine learning-enabled analytics to provide businesses and individuals with fast, reliable, and trustworthy credit. The company achieves this by partnering with banks and sharing its data analysis solutions, helping to identify opportunities for credit when they would otherwise be missed. There is definitely a market for its product: over 8 million customers have funded almost $50 billion through the platform to date.
Enova has grown strongly in recent years based on the rapid uptake of its product. As the macroeconomic climate remains volatile, businesses will increasingly come to rely on Enova's AI-based solutions to help them manage credit risk and navigate an increasingly complex lending environment.
Steph
Company Specialist at Welcome to the Jungle
Insights
13% employee growth in 12 months
Company
Company benefits
- Hybrid roles entail working in-office from Tuesday to Thursday, with the choice to work remotely on Mondays and Fridays
- Health, dental, and vision insurance including mental health benefits
- 401(k) matching plus a roth option (U.S. Based employees only)
- PTO & paid holidays off
- Sabbatical program (for eligible roles)
- Summer hours (for eligible roles)
- Paid parental leave
- DEI groups (B.L.A.C.K. @ Enova, HOLA @ Enova, Women @ Enova, Pride @ Enova, South Asians @ Enova, APEX @ Enova, and Parents @ Enova)
- Employee recognition and rewards program
- Charitable matching and a paid volunteer day…Plus so much more!
Company HQ
Chicago Loop, Chicago, IL
Leadership
David Fisher
(CEO, not founder)Before joining Enova as CEO, they were the CEO of optionsXpress and CFO at Potbelly Sandwich Works, Prism Financial and RBC Mortgage.
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